bankrupt


1bank·rupt

noun \ˈbaŋk-(ˌ)rəpt\

: a person, business, etc., that is unable to pay debts

Full Definition of BANKRUPT

1
a :  a person who has done any of the acts that by law entitle creditors to have his or her estate administered for their benefit
b :  a person judicially declared subject to having his or her estate administered under the bankrupt laws for the benefit of creditors
c :  a person who becomes insolvent
2
:  a person who is completely lacking in a particular desirable quality or attribute <a moral bankrupt>

Examples of BANKRUPT

  1. As a lawyer, she specialized in working with bankrupts.

Origin of BANKRUPT

modification of Middle French & Old Italian; Middle French banqueroute bankruptcy, from Old Italian bancarotta, from banca bank + rotta broken, from Latin rupta, feminine of ruptus, past participle of rumpere to break — more at bank, reave
First Known Use: 1533

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

Rhymes with BANKRUPT

2bankrupt

adjective

: unable to pay debts

—used to say that someone or something completely lacks a good or desired quality

Full Definition of BANKRUPT

1
a :  reduced to a state of financial ruin :  impoverished; specifically :  legally declared a bankrupt <the company went bankrupt>
b :  of or relating to bankrupts or bankruptcy <bankrupt laws>
2
a :  broken, ruined <a bankrupt professional career>
b :  exhausted of valuable qualities :  sterile <a bankrupt old culture>
c :  destitute —used with of or in <bankrupt of all merciful feelings>

Examples of BANKRUPT

  1. The lawsuit could leave them bankrupt.
  2. <she's a kind soul, but bankrupt of all common sense, I'm afraid>

First Known Use of BANKRUPT

1566

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

3bankrupt

transitive verb

: to cause (a person, business, etc.) to be unable to pay debts : to make (someone or something) bankrupt

Full Definition of BANKRUPT

1
:  to reduce to bankruptcy
2
:  impoverish <defections had bankrupted the party of its brainpower>

Examples of BANKRUPT

  1. Several risky deals bankrupted the company.
  2. <several bad investments bankrupted him>

First Known Use of BANKRUPT

1588

Related to BANKRUPT

Synonyms
ruin, break, bust
See Synonym Discussion at deplete

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

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